Fees are one area where Bitstamp excels and provides great value to users. International customers doing a bank wire deposit incur fees of just 0.
Withdrawal fees for international bank wires are 0. All cryptocurrency withdrawal and deposits are free as well, meaning that Bitstamp may just have the lowest fees of any non-decentralized exchange in the world.
Trading fees follow a classic schedule which scales by monthly user trade volume—and can be as low as 0. Verified users have the freedom to deposit and withdraw as much fiat and cryptocurrency as they like.
This is rare in the cryptocurrency industry as most exchanges impose monthly limits even on their most verified users. International wire transfers from other banks are also allowed on the platform, though with slightly higher fees, and only for supported fiat currencies.
With cryptocurrency wallets hosted on the Bitstamp platform, direct transfers of cryptocurrency wallet-to-wallet are also supported and are fee-less.
Bitstamp makes 2-factor authentication and identity verification mandatory to deposit, withdraw, or trade. Though the exchange did suffer a hack in , it has since upgraded its security features and has been hack-free ever since.
As the first regulated and fully licensed exchange in the EU, Bitstamp is trusted by the many traders who rely on its services. Bitstamp is a reliable and upstanding platform among its peers in the cryptocurrency marketplace and provides safe, regulated storage and trading services to countless users around the world.
However, catering to beginners also comes with downsides, including the lack of more complicated tools like margin trading and lack of support for very many cryptocurrencies.
Despite this, Bitstamp remains a compliant, reputable, and accessible gateway to the crypto world. Is Bitstamp Safe to Use? Binance is a cryptocurrency exchange platform that offers a wide range of trading features.
In this in-depth step by step guide we help you understand both the basic and advanced interfaces, fees and limits, how to take advantage of the BNB token and more.
This page may not include all available products, all companies or all services. Fees and Charges Compared to what most other exchanges are offering, the fees charged by Bitstamp are quite reasonable.
The following table below shows the applicable fees: Fee 30 days Cumulative volume 0. Customer Support Support at Bitstamp like many other cryptocurrency exchanges in the industry is lacking on many fronts, First of all, you can only contact the support team through an email ticket system.
How long does a withdrawal take? Withdrawal through SEPA usually takes 2 to 3 business days. How do I make a Bitcoin withdrawal?
How long does a Bitcoin deposit take? Conclusion Apart from their weak customer support, Bitstamp is by far one of the most trusted and reliable cryptocurrency exchanges around.
Bitstamp User Reviews Rate this exchange. Read More Bitstamp User Reviews. Latest Tweets by Bitstamp. Open Account at Bitstamp. What You May Not Know.
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We were quite impressed by the trading view platform in terms of its functionality and tools. You also have a list of the latest trades that have just hit the market to the right of the platform that has an audio option should you desire it.
This is also the ideal platform for the chartists and technicians among the crypto trading community. This is because of the range of technical studies and indicators that are available.
You can also expand the chart into a full screen option should you wish to only make use of the chart. Unfortunately, there is no option to seperate numerous different charts into tabs or widgets.
This means that you will have to open a seperate browser tab on another screen should you wish to trade multiple crypto pairs.
Unfortunately, there is no PC client that you can download and complete your charting on. To make up for the lack of PC clients, Bitstamp has a user friendly mobile application that is available on iOS and Android.
On the app you can place orders and monitor your position. It also has limited charting ability should you wish to do any technical analysis.
While it is a great option for those traders who want to monitor their positions on the go or place one or two simple trades, it is not really that advanced.
This is also what most of the feedback points out on both the itunes store as well as Google Play. For example, you cannot place stop orders and only limit orders and when you are looking at the charts, it does not scale too well.
Hence, if you are a user who is heavily involved in mobile trading then you may want to consider another exchange that has a more advanced and powerful trading application.
Because Bitstamp is so respected, it has been able to create several high-level partnerships, and has also had some notable achievements.
Bitstamp was the very first Ripple Gateway, as well as being the first partner in the Ripple Incentive Program. It is also notable that Bitstamp has secured partnerships with both Swissquote and Credit Agricole SA, highlighting its stellar reputation within the financial industry.
Regulation means Bitstamp follows best practices in account verification and customer security standards, and is periodically audited to ensure it is adhering to regulations.
User feedback is generally positive for Bitstamp. There are some complaints about delays in approving accounts from the December timeframe, when all cryptocurrency exchanges were swamped with new users.
There have also been older complaints about customer service taking business days to respond to support requests, but as of May those issues appear to be resolved as well.
One final concern is the mobile applications, which are rated 2 of 5 stars on the Apple store and 3 of 5 stars on the Google Play store.
If you are based in Europe, there are two fiat exchange options that you would mostly consider and these are Bitstamp and Coinbase. Although Bitstamp has their head office in Europe and have made this their market over the past 4 years, Coinbase is making an aggressive push into their market.
They have expanded their Euro funding options and are rolling out more crypto pairs that people can trade on.
In the below table we take a look at some of the most important considerations when you are deciding between Coinbase and Bitstamp.
From our analysis it seems that Coinbase and Bitstamp are similarly quite established. This is great for those traders who like to trade with charts and technical analysis.
While they both seem to have the same amount of cryptocurrency assets to buy at the moment, it is worth noting that Coinbase is in the process of adding a whole host of new coins to their platform.
This was previously announced in a blog post by the company. There has been no indication as to whether Bitstamp will be adding any more coins anytime soon.
Coinbase does have slightly higher trading fees than Bitstamp and these are flat. This could be an important consideration for those traders who do a great deal of volume and would like slightly lower fees.
Throughout the years it has positioned itself as a secure, reliable exchange for purchasing the top cryptocurrencies using fiat currencies.
For example, the exchange has room to add many more cryptocurrencies and fiat currencies. Overall, Bitstamp is a good choice for those looking to buy and trade the major cryptocurrencies, especially for those located in Europe.
As one of the oldest cryptocurrency exchanges you can rest assured that the team is reputable and trustworthy.
Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies.
One of the oldest and most respected cryptocurrency exchanges in operation today is Bitstamp. Bitstamp Ticket Support Form. Asset Coverage at Bitstamp.
Bitstamp , Europe , Exchange , Mobile. Posted by Steve Walters Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies.
The exchange is highly respected and is based in Luxembourg. Bitstamp was actually one of the first few cryptocurrency exchanges that were established to compete with the then dominant Mt.
But what is unique about Bitstamp is the fact that it is the first fully regulated cryptocurrency exchange in the world.
Bitstamp in April was licensed by the Luxembourg authorities to act as a payment institution. Hence, this makes Bitstamp the first nationally regulated cryptocurrency exchange not just in the EU but for the entire cryptocurrency trading industry.
Bitstamp is ideal for those who have some experience trading cryptocurrencies. On the surface, the exchange looks a little complicated for a beginner trader to navigate with.
Nevertheless, due to its regulated status, Bitstamp is actually quite popular among European cryptocurrency traders.
Purchases can be made using fiat currencies such as the Euro and U. For traders who prefer mobile trading, Bitstamp has provided mobile versions of their trading platform which can be downloaded free of charge from Apple App Store and Google Play store.
These apps allow you to view your account status as well as letting you trade directly from your smartphone. You also have the option to purchase the supported cryptocurrencies directly using your credit card.
Apart from the 28 EU member states, Bitstamp also supports close to 50 different countries outside of the EU. Compared to what most other exchanges are offering, the fees charged by Bitstamp are quite reasonable.
The actual trading fee depends on the volume traded. The following table below shows the applicable fees:. As for deposits and withdrawals through cryptocurrencies, there is no fee involved for both deposits and withdrawals.
For SEPA transactions, deposits are free whereas withdrawals are charged a fee of 0. For bank wire transfers, the deposit will cost 0. While it is free to open an account at Bitstamp, you are required to go through the verification process before you are permitted to deposit or withdraw from a Bitstamp account.
Normally the verification process will take a few days to complete. However since the meteoritic rise in the value of Bitcoin in , Bitstamp is has been experiencing an upsurge in verification requests, on average up to , accounts daily.
As such, the actual verification process may take months to complete as each account has to be verified manually. Nevertheless once verified, there are no limits imposed on the account with respect to deposited or withdrawal amounts.
Having suffered hacking attempts in and in , Bitstamp now takes the security of its exchange very seriously. Support at Bitstamp like many other cryptocurrency exchanges in the industry is lacking on many fronts, First of all, you can only contact the support team through an email ticket system.
As the support team is deluged with thousands of tickets to resolve on a daily basis, it can take a while before your ticket is attended to.
Although there is a UK number to call, the calls are answered by a recorded message. Bistamp is one of the most reliable Bitcoin exchanges nowadays.
The platform was founded as a European alternative to then-dominant cryptocurrency exchange Mt. Gox and provides secure and reliable service to their customers since This cryptocurrency exchange is well-connected in the industry.
They work together with Coinbase , one of the most popular BTC exchanges. The company has also attracted significant investment from Pantera Capital, one of the biggest Bitcoin-specific venture capital investors, owned partly by Benchmark, Ribbit Capital, and Fortress Investment Group.
Verification process usually takes about 2 hours, if you have all the necessary documents. All you need to know is explained in this short video:.
Bitstamp currently accepts just two fiat currencies — US dollars and European Euro. When it comes to cryptocurrencies, they support BTC and Ripple, but Ripple trading is something that we would not recommend due to extremely high fees.
Bitcoin trading is the main feature of Bitstamp, and it works as a user-to-user trade, while Ripple trading is conducted directly, user-to-Bitstamp with an unfavorable exchange rate.
International Wire deposits carry 0. International Wire withdrawals carry 0. The minimum amount for international wire withdrawals is When it comes to Bitcoin trading fees, Bitstamp starts a bit high with 0.
The percentage drops as the volume increases; all the way to 0. You can see the detailed fee schedule here — https: Bitstamp allows users to execute instant orders at the best bid currently available, to ask price as well as to place limit orders.
The API gives users complete access to their accounts, as well as a quick way to analyze the public book and ticket information. The company also has mobile apps for both Android and iOS , which allow easy trading on the go.
The exchange does not support trading of derivate and futures. Altcoins and margin trading services are not supported too. You can learn how to use the Tradeview interface here.
They have earned the respect of many users by giving honest replies to support tickets and working overtime as well as hiring additional staff to handle the workload in times of need.
More than decent support — everyone loves them, including us. There are no scam reports on the Web found but in our comment section below there are a couple of negative reviews in the recent past.
The trading platform keeps the security pretty basic. When it comes to privacy, the cryptocurrency exchange is very good at guarding it.
Since the governments have not regulated the BTC exchanges, Bitstamp has created a set of their own rules which they follow in order to prevent any shady financial practices on their platform.
The exchange was last time hacked in January of , and the crooks have stolen up to 19,BTC. More info can be found in this Reddit discussion.
After the hack, company decided to rebuild the platform entirely in order to restore the trust of the clients.